CMMB holds seminar series

Caribbean Money Market Brokers has started a programme to strengthen the “underdeveloped” investment knowledge within the region.{{more}}

Its St. Vincent branch recently began a series of 12 seminars to educate the public on general financial matters, and enlighten them about the company and the services it offers.

On Tuesday, September 1, CMMB, which began its local operation in March 2009, hosted its fourth seminar titled “Understanding investment jargon”.

Sub-branch Manager Norlann Gabriel explained that this was a “step back” in the series to improve participants’ understanding of terms used within the financial sector, so that they could better understand financial literature.

“We’re helping people to make wise financial decisions,” said Operations Administrative Officer Alma Richardson.

Gabriel pointed out that the series was in keeping with the company’s mission to “create, nurture and develop the capital market of the Caribbean”.

She further revealed that although the firm had dedicated a portion of its annual budget to educating the public through seminars, there was no cost to participants.

“We’re trying to get it to as many people as possible,” Gabriel said, adding that CMMB would be working in conjunction with the Eastern Caribbean Central Bank in October to target school-aged children.

Thoroughly pleased with the attendance and response so far, Gabriel said that she hoped these levels would be maintained up to the end of the series, scheduled for December.

“We have actually exceeded the number of individuals we were targeting.”

Previously, CMMB held seminars on the importance of saving and budgeting; maximising investment return, and the importance of retirement planning. The fifth seminar, scheduled for later this month, will be about trading on the regional exchanges.

The only “full service” brokerage firm in St. Vincent and the Grenadines, CMMB was founded in 2000 in Trinidad and Tobago. It is now a fully owned subsidiary of the First Citizens Bank, and is, therefore, owned by the government of Trinidad and Tobago.(JSV)